The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

EDM Council Reconvenes To Review Research

After a seemingly long period of silence, the Enterprise Data Management (EDM) Council reconvened to discuss progress in a meeting held by its new Executive Advisory Board (EAB). Still in the ‘research’ phase, the group has come to some conclusions on potential initiatives to focus on, and hopefully will now progress to the ‘action’ phase.

Among the topics discussed by the 20 members of the EAB – including HSBC, New York Life and Nordea – were the long acknowledged need for ROI and data quality measurements as a result of implementing enterprise data management and an understanding of how and where data issues fit into the new organizational hierarchy.

It also believes there is value in best practices across areas such as centralisation strategy, technology migration, understanding data dependencies, defining and meeting service level objectives, data stewardship and operating model maturity. And the group believes there is a “significant desire to address external infrastructure issues related to data vendors (both data manufacturing and commercial strategy), regulation (particularly electronic reporting requirements) and standards (for both precise identification and automated messaging)”.
“We will continue to consult with our Executive Advisory Board to evaluate our recommendations and guide our activities as we make the shift from research to action,” says Mike Atkin, managing director of the EDM Council. “Our main external goal is to define and specify the underlying requirements to help our members leverage data resources as a strategic asset.”

Related content

WEBINAR

Recorded Webinar: How to capture and manage complete and accurate customer data

Whether you work on the buy-side or sell-side, the customer is always king. This requires investment banks, asset managers and wealth managers to ensure they have a complete and accurate view of customer data. If you can achieve this, you can take a data-driven approach to decision making whether in obtaining better behavioural insights, offering...

BLOG

Reformis Adds Matrix IDM and NeoXam to Vendor Partner Programme

Reformis, a buy-side business transformation consultancy, continues to build out its vendor partnership programme with the addition of Matrix IDM’s cloud native data management software, and NeoXam’s Impress reporting solution. These join the company’s list of existing partners and products including IHS Markit’s EDM software, Snowflake’s cloud data platform, and Compliance Solution Strategies’ Accudelta product....

EVENT

RegTech Summit New York City

Now in its 5th year, the RegTech Summit in NYC explores how the North American financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

RegTech Suppliers Guide 2020/2021

Welcome to the second edition of A-Team Group’s RegTech Suppliers Guide, an essential aid for financial institutions sourcing innovative solutions to improve their regulatory response, and a showcase for encumbent and new RegTech vendors with offerings designed to match market demand. Available free of charge and based on an industry-wide survey, the guide provides a...